KB Financial Group (NYSE:KB) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of KB Financial Group (NYSE:KB – Get Rating) from a buy rating to a strong-buy rating in a research note released on Friday morning.

Shares of KB stock opened at $45.92 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.67 and a debt-to-equity ratio of 2.57. The business has a 50-day moving average price of $47.91 and a two-hundred day moving average price of $48.57. KB Financial Group has a 12-month low of $42.29 and a 12-month high of $55.31. The firm has a market cap of $18.94 billion, a P/E ratio of 4.70 and a beta of 0.78.

KB Financial Group (NYSE:KB – Get Rating) last issued its quarterly earnings results on Tuesday, February 8th. The bank reported $1.31 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.63% and a net margin of 23.47%. The firm had revenue of $3.26 billion during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trinity Street Asset Management LLP lifted its stake in shares of KB Financial Group by 4.1% in the 4th quarter. Trinity Street Asset Management LLP now owns 2,063,244 shares of the bank’s stock valued at $95,239,000 after acquiring an additional 81,177 shares during the last quarter. BlackRock Inc. raised its position in KB Financial Group by 1.8% during the 3rd quarter. BlackRock Inc. now owns 1,480,929 shares of the bank’s stock valued at $68,730,000 after purchasing an additional 25,848 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in KB Financial Group by 6.9% during the 4th quarter. Parametric Portfolio Associates LLC now owns 785,684 shares of the bank’s stock valued at $36,267,000 after purchasing an additional 50,619 shares during the last quarter. Bank of America Corp DE raised its position in KB Financial Group by 29.8% during the 4th quarter. Bank of America Corp DE now owns 779,235 shares of the bank’s stock valued at $35,970,000 after purchasing an additional 178,761 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its position in KB Financial Group by 4.5% during the 4th quarter. Clark Capital Management Group Inc. now owns 761,185 shares of the bank’s stock valued at $35,136,000 after purchasing an additional 32,755 shares during the last quarter. 5.31% of the stock is owned by institutional investors.

KB Financial Group Company Profile (Get Rating)

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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